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What happens to your money?


GinoGini
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(@ginogini)
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Joined: 4 months ago

OK, in CFD platforms there are no transactions and no brokerage.

So, when I close a position, what happens to my money if there is no counterpart exchange?

Does the platform simply take my money when I have a loss and give me money when I am in gain?

Why so many people call those CFD platforms "brokers", if they don't do brokerage?

No real transactions, no brokerage; why using so many different fees, as mentioned on this page, and hide all up with trading nomenclatures (spread, SL and so on), and not just put a clear service fee instead?

My grandad used to say "if anything is hidden, there is always something that you should not know".

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